Wave summary:
EUR/NZD continue to work its way lower towards 1.4985. From here or upon a direct break above resistance at 1.5168 a new impulsive rally towards 1.5618 is expected. A firm break above 1.5078 will be the first indication that the corrective decline from 1.5266 is complete and the new impulsive rally is unfolding.
Trading recommendation:
We will buy EUR at 1.5000 or upon a break above 1.5078 with stop placed at 1.4810
The material has been provided by InstaForex Company - www.instaforex.com